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Australasia News

New technology boost for African mining 

By: Martin Creamer     Updated 7 hours ago The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania itself is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity. The Kabanga Nickel Hydromet process takes ore to refined... 

Ten China gold miners confirmed dead after others rescued; one still missing

By: Reuters     25th January 2021 Eleven Chinese gold miners trapped underground after an explosion were rescued much earlier than expected thanks to steel pipes supporting blockages in the mine shaft, according to state-media, as the search continued for 10 others. An air ventilation shaft, which was the most feasible way to... 

Diamond trade is roaring back thanks to stuck-at-home shoppers 

By: Bloomberg     25th January 2021 The global diamond trade spent years in the doldrums, only to be crippled by the pandemic just as things started looking up. Now, at last, business is booming again. Factories in the industry’s “engine room” -- the Indian city of Surat -- are so desperate to boost production that the... 

Diamond trade is roaring back thanks to stuck-at-home shoppers

New hope emerges for Platina's scandium project

By: Esmarie Iannucci     25th January 2021 Junior Platina Resources will update its independent scandium market study and would work with Traxys Europe SA to assess scandium product and market development, as well as the potential funding options for its scandium project, in New South Wales. The sharpened focus on the scandium project... 

Nickel Mines hit record highs

By: Esmarie Iannucci     25th January 2021 ASX-listed Nickel Mines has reported a 7.7% increase in quarterly production from its Indonesian rotary kiln electric furnace (RKEF) projects for the three months to December, with attributable production reaching a record high. RKEF production during the quarter reached a record 11 527 t during... 

Pensana applies for UK’s first rare earth processing facility

By: Esmarie Iannucci     25th January 2021 Rare earths developer Pensana has submitted a planning application for its rare earth oxide separation facility in Yorkshire. The company told shareholders on Monday that the application could take up to three months to review. The $125-million facility is expected to employ some 100 direct... 

Silver Lakes sees gold production fall

By: Esmarie Iannucci     25th January 2021 Gold miner Silver Lake Resources has reported a drop in gold production for the three months to December, compared with the previous quarter. The ASX-listed miner on Monday noted that group production reached 58 858 oz equivalent, with sales reaching 59 824 oz and 492 t of copper and a realised... 

Lake raises funds for Kachi advancement

By: Esmarie Iannucci     25th January 2021 Lithium developer Lake Resources will raise A$20.6-million in a share placement to fund its flagship Kachi lithium brine project, in Argentina. The ASX- and OTC-listed company on Monday said that it would issue some 125-million new shares, at an offer price of 16.5c each to institutional... 

Lake raises funds for Kachi advancement

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

Australia's MMG CEO sees short term upside momentum for copper

By: Reuters     22nd January 2021 Copper prices are likely to rise further after pushing above $8 000/t this month, supported by China's strong economy and government stimulus efforts after the Covid-19 pandemic, the head of Hong Kong-listed MMG Ltd said on Friday. Prices of copper have nearly doubled from last year's lows and... 

Gruyere production grows for JV partners

By: Esmarie Iannucci     22nd January 2021 Gold miner Gold Road Resources on Friday reported that gold production for the December quarter has increased on the previous quarter on the back of increased plant throughput at the Gruyere gold mine, in Western Australia. Gold production in the December quarter reached 70 794 oz on a 100%... 

Senex continues to grow

By: Esmarie Iannucci     22nd January 2021 ASX-listed Senex Energy has reported a 16% increase in production and a 26% increase in sales revenue for the quarter ended December, as the ramp-up of its Atlas operation, in the Surat basin, continues. Quarterly production reached 4.3 PJ during the three months to December, up 16% on the... 

Pensana seeks to change name ahead of ASX delisting next month

By: Simone Liedtke     22nd January 2021 Ahead of the company’s delisting from the ASX next month, Pensana Rare Earths is considering changing its name to Pensana. In a statement on January 22, the rare earth oxide producer confirmed that it will be holding a general meeting on February 8 and has urged shareholders to vote on the name... 

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs 

By: Simone Liedtke     22nd January 2021 The vast majority of large-scale mining companies are still unable to demonstrate that they review and report on how effectively they manage risks related to tailings storage facilities (TSF), and take responsive actions as necessary, despite growing disclosure on TSFs, the Responsible Mining... 

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs
The Corrego do Feijao tailings dam collapse, in Brumadinho, Brazil.

Forrest paves the way for green steel

By: Esmarie Iannucci     22nd January 2021 Mining magnate Andrew Forrest has pledged iron-ore major Fortescue to a green energy future, unveiling plans for green steelmaking in the Pilbara. In the first ABC Boyer Lecture for 2021, which will be aired over the weekend, Forrest in a recorded message stated that Fortescue would build... 

Forrest paves the way for green steel
Photo by Bloomberg
Fortescue founder and chairperson Andrew Forrest

Blackstone advances metal talks with Trafigura

By: Esmarie Iannucci     22nd January 2021 Commodities trading group Trafigura has signed a letter of interest (LoI) with junior Blackstone Minerals to potentially supply quantities of nickel and cobalt products that would allow Blackstone to produce products for the lithium-ion battery industry at its Ta Khoa nickel project, in Vietnam.... 

WA makes plans to fast-track major projects

By: Esmarie Iannucci     22nd January 2021 The resources sector has welcomed the Western Australian state government’s commitment to fast track approvals for major projects. Premier Mark McGowan on Friday announced that more than A$1.6-million would will be invested in cutting application wait times for major resource projects, unlocking... 

Lynas gets going on US project

By: Esmarie Iannucci     22nd January 2021 Australian rare earths major Lynas has reached an agreement with the US government to build a commercial light rare earths separation plant. The US Department of Defence in July last year told Lynas of its intent to award the company with a Phase 1 contract for a US-based heavy rare earths... 

Lake Wells EPA issues cleared

By: Esmarie Iannucci     22nd January 2021 The Western Australian Minister for Environment has resolved an appeal against the Environmental Protection Authority’s (EPA’s) approval of ASX-listed Australian Potash’s Lake Wells sulphate of potash (SoP) project. Australian Potash told shareholders on Friday that the Minister was satisfied... 

Dacian on target

By: Esmarie Iannucci     22nd January 2021 Gold miner Dacian Gold is on target to reach its full year production guidance for the 2021 financial year, despite reporting a slight drop in production for its December quarter. Gold production in the three months to December reached 27 162 oz, down from the 32 799 oz produced in the September... 

Lulo delivers for Lucapa

By: Esmarie Iannucci     22nd January 2021 Diamond miner Lucapa has reported a solid December quarter, with production from its Lulo mine, in Angola, increasing. The Lulo mine recovered 6 447 ct during the fourth quarter a 55% increase in the previous corresponding period, with grades recovered also increasing by 47%. 

Global copper smelting rises in December, driven by China

By: Reuters     21st January 2021 Global copper smelting activity climbed in December, led by top producer China, while North America extended its decline as coronavirus cases surged, data from satellite surveillance of copper plants showed. Europe dipped slightly, but its copper smelting activity remained strong, satellite... 

Xtract raises £5m for exploration, project development

By: Simone Liedtke     21st January 2021 Brownfield mine developer Xtract Resources’ broker, Novum Securities, has conditionally raised £5-million, before expenses, following the placement of over 111-million ordinary shares. The placing shares represent 17.9% of the current issued ordinary share capital of Xtract. 

Griffith appointed CEO designate of Gold Fields 

By: Creamer Media Reporter      21st January 2021 JSE- and NYSE-listed Gold Fields has appointed Chris Griffith CEO designate. Griffith will succeed Nick Holland with effect from April 1. Holland, who had been due to retire on September 30 after 13 years as CEO of the company, has agreed to retire six months earlier to facilitate the leadership... 

Griffith appointed CEO designate of Gold Fields

Jupiter Mines to proceed with Central Yilgarn demerger, IPO

By: Simone Liedtke     21st January 2021 ASX-listed Jupiter Mines will proceed with the demerger and initial public offering (IPO) of its Central Yilgarn iron-ore (CYIP) assets through newly created company, Juno Minerals. The two companies on January 21 lodged a notice of a general meeting, which will be held virtually on February 19. 

Platinum group metals demand set to overwhelm supply balance – Davis 

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Platinum group metals demand set to overwhelm supply balance – Davis
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

Red 5 adjust output expectations

By: Esmarie Iannucci     21st January 2021 Gold miner Red 5 has reported increased gold production and sales for the December quarter, compared to that achieved in the September quarter. Gold production for the quarter increased from 20 283 oz in the three months to September, to 21 534 oz in the three months to December, while gold... 

Manono's footprint enviable - AVZ

By: Esmarie Iannucci     21st January 2021 An independent study of the Manono lithium and tin project, in Democratic Republic of Congo, has found that it is likely to have one of the lowest carbon footprints of any global hard rock lithium project. ASX-listed AVZ Minerals on Thursday told shareholders that the greenhouse gas (GHG)... 

Syrah eyes Balama restart

By: Esmarie Iannucci     21st January 2021 ASX-listed Syrah Resources on Thursday said that it was assessing the potential restart of its Balama graphite project, in Mozambique, and would take into consideration travel restrictions and an improved natural graphite market balance. Syrah in March of last year suspended production at Balama... 

Gascoyne keeps its pace

By: Esmarie Iannucci     21st January 2021 Gold miner Gascoyne Resources has reported its third consecutive quarter of more than 20 000 oz of production. During the three months to December, Gascoyne produced 20 381 oz of gold, up from the 20 314 oz produced in the previous quarter, bringing half-year production to 40 695 oz. 

Perseus hits production targets

By: Esmarie Iannucci     21st January 2021 Gold miner Perseus Mining has reported a 12% increase in gold production for the six months to December, reaching the top-end of its guidance range. The ASX- and TSX-listed miner produced 137 386 oz of gold during the six months under review, with 68 614 oz of gold recovered in the December... 

Santos sets annual record

By: Esmarie Iannucci     21st January 2021 Oil and gas major Santos has reported record annual production for the year ended December, with production reaching the top-end of the company’s previously upgraded guidance. Annual production reached 89-million barrels of oil equivalent in the 12 months to December, an 18% increase on the 2019... 

Govt secures more domestic gas for east coast

By: Esmarie Iannucci     21st January 2021 The Australian government has inked a new heads of agreement with east coast liquefied natural gas (LNG) companies that will ensure more gas is offered to the domestic market, more often, and on more competitive terms. The Agreement, signed by Prime Minister Scott Morrison and LNG exporters,... 

South32 shelves Eagle Downs; reports strong quarterly production

By: Esmarie Iannucci     21st January 2021 Diversified miner South32 has set a number of production records in the first half of 2021, following a solid December quarter. “This was another period of strong operating performance across our business, with three of our operations setting production records for the half year,” said CEO... 

South32 shelves Eagle Downs; reports strong quarterly production
South32 CEO Graham Kerr

Record production and new hydrogen for Woodside

By: Esmarie Iannucci     21st January 2021 Energy major Woodside on Thursday reported record annual production of 100.3-million barrels of oil equivalent for the 12 months ended December, despite a 2% fall in the December quarter production. Annual production in 2020 was 12% higher than that achieved in 2019. 

Strong finish for Saracen/Northern Star ahead of merger

By: Esmarie Iannucci     21st January 2021 Gold miner Saracen Mineral Holdings has reported a record half of production for the six months to December, as it readies for a merger with fellow-listed Northern Star. Saracen’s gold production in the six months to December reached a record 309 512 oz, at an all-in sustaining cost (AISC) of... 

China bought most iron-ore from Australia, Brazil in 2020, but imports from India up nearly 90%

By: Reuters     20th January 2021 Australia and Brazil, the world's two largest iron-ore producers, remained China's top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky-high raw materials prices. Australian shipments rose 7% to 713-million tonnes, while Brazilian supplies were... 

China bought most iron-ore from Australia, Brazil in 2020, but imports from India up nearly 90%

China's imports of Australian copper ore crash to zero in December

By: Reuters     20th January 2021 China's imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, as smelters shunned Australian supply amid tense bilateral ties. Imports of copper ores and concentrates from Australia were zero tonnes last month, according to General... 

China's imports of Australian copper ore crash to zero in December
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